Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) Sees Large Increase in Short Interest

Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 36,000 shares, a growth of 275.0% from the November 15th total of 9,600 shares. Based on an average trading volume of 63,000 shares, the days-to-cover ratio is presently 0.6 days.

Wahed FTSE USA Shariah ETF Price Performance

Shares of HLAL stock traded down $0.24 during trading hours on Friday, hitting $54.43. The stock had a trading volume of 17,825 shares, compared to its average volume of 62,531. The firm has a market capitalization of $576.96 million, a PE ratio of 24.44 and a beta of 1.05. Wahed FTSE USA Shariah ETF has a twelve month low of $44.33 and a twelve month high of $54.99. The stock’s 50 day moving average is $52.48 and its 200 day moving average is $51.23.

Wahed FTSE USA Shariah ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 26th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, September 26th. This is an increase from Wahed FTSE USA Shariah ETF’s previous quarterly dividend of $0.02. This represents a $0.68 annualized dividend and a dividend yield of 1.25%.

Institutional Investors Weigh In On Wahed FTSE USA Shariah ETF

A hedge fund recently raised its stake in Wahed FTSE USA Shariah ETF stock. Farther Finance Advisors LLC increased its stake in shares of Wahed FTSE USA Shariah ETF (NASDAQ:HLAL) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,432 shares of the company’s stock after purchasing an additional 5,404 shares during the quarter. Farther Finance Advisors LLC owned 0.35% of Wahed FTSE USA Shariah ETF worth $1,754,000 as of its most recent SEC filing.

About Wahed FTSE USA Shariah ETF

The Wahed FTSE USA Shariah ETF (HLAL) is an exchange-traded fund that is based on the FTSE USA Shariah index, a principles-selected, market-cap-weighted index of US equities. HLAL was launched on Jul 16, 2019 and is managed by Wahed.